Albanisa Increases Investment in Nicaragua

With a $ 70 million private investment, the consortium will expand its thermal generation capacity.

Tuesday, November 23, 2010

With this investment, the private equity consortium will increase its thermal generation capacity to 378.4 megawatts of installed capacity.

The Ministry of Energy and Mines (MEM) agreed to extend the licenses that were awarded to Albanisa both in 2008 and 2009, reported Laprensa.com.ni.

More on this topic

High Electricity Costs in Nicaragua

October 2009

Droughts have increased the power grid's dependence on energy generated by oil derivatives.

Another factor pushing up the cost of electricity are recent increases in the prices of both bunker fuel and diesel.

Cosep, the Private Enterprises Council, is worried by these increases in energy prices, which directly affect production costs at companies.

Honduras Prohibit Electricity Generation with Diesel

November 2011

In the span of next year, power generation by burning diesel will be prohibited by decree.

The manager of the National Electricity Company (ENEE), Roberto Martinez Lozano added that within an estimated period of two years the ban will be extended to included power generation with bunker fuel.

Panama: 55 MW Generator For Sale

August 2015

The conglomerate Interenergy has acquired a 55% stake in Pedregal, a plant in Pacora, Panama Province, which generates energy from diesel.

From the press release by Interenergy:

New York, August, 2015] –Conduit Capital Partners (“Conduit”) and InterEnergy Holdings (“InterEnergy”) announced today that InterEnergy Holdings has purchased interests in two companies owned by Latin Power III, a $392 million private equity fund managed by Conduit. InterEnergy purchased Latin Power III’s 55% ownership in Pedregal, a 55MW diesel plant based in Pacora, Panama. InterEnergy also purchased Latin Power III’s 100% interest in Jamaica Energy Partners and West Kingston Power Partners, which are based in Kingston, Jamaica and collectively operate three plants with 190 MW of diesel capacity which supply 30% of the electricity on the island of Jamaica. Terms of the transaction were not disclosed.

Health Permit Awarded for 60 MW Thermal Plant

February 2015

The Panamanian Ministry of Health has completed its inspections and has agreed to lift the suspension of works on expanding the thermoelectric plant being managed by Pan Am Generating in La Chorrera in West Panama.

The inspection enabled verification that there is no evidence of noise and air pollution in the areas of expansion of the power plant, as reported by the authorities of the Ministry of Health, who requested that the National Environment Authority authorize reactivation of the construction work.

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